Retail

Bloomberg Don’t expect to see Tim Hortons doughnuts showing up at a Burger King anytime soon. Restaurant Brands International Inc. — the fast-food empire that owns Burger King, Tim Hortons and now Popeyes Louisiana Kitchen — plans to keep the divisions separate, with no mixing of menu items. Despite Restaurants Brands’ reputation for scooping up businesses and squeezing costs, it …

Bloomberg Christian Dior SE Chief Executive Officer Sidney Toledano is optimistic the European economy will do better in the coming years, especially with recently elected French President Emmanuel Macron’s promises to reform labor market regulations. “We have a new president — I think this will be very positive for the economy,” said Toledano in an interview with Bloomberg TV in …

Bloomberg Wal-Mart Stores Inc.’s acquisition of Jet.com last year turbocharged its online business, but one element of Jet’s success hasn’t sat well at the parent company. Since its 2015 founding, Jet has carried a broad array of products under the Kirkland Signature brand, which is owned by Wal-Mart rival Costco Wholesale Corp. A recent search for ‘Kirkland Signature’ on Jet’s …

Abu Dhabi / Emirates Business Etisalat announced the launch of a new class of High Throughput Satellite (HTS) service to provide high capacity, efficiency, performance and multi-band connectivity to address business segments in remote locations or harsh environment. The new first of a kind service provides customers with higher speeds, improved coverage and flexibility by maximising the VSAT throughput and …

Bloomberg J. Crew Group Inc., struggling from almost three years’ worth of declining sales, asked bondholders to extend the maturity of $566.6 million in notes and said it planned to settle a lawsuit filed by lenders. The debt-laden retailer started a private offer to exchange 2019 pay-in-kind notes for an equity stake and bonds that mature in 2021. At least …

Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. has approached Citic Telecom International Holdings Ltd. as it makes a fresh attempt to attract a buyer for its undersea cable unit, people with knowledge of the matter said. Reliance Communications is reaching out to potential acquirers for the Global Cloud Xchange business, known as GCX, as the Indian carrier explores further asset …

Bloomberg A decades-long supermarket battle in Europe is moving to the US, adding to the competitive pressure in an industry embroiled in a deflation-fueled price war. Aldi, known for low prices on its private-label items, plans to spend $3.4 billion over the next five years to open 900 supermarkets, the company said on Monday. The investment comes as its European …

Bloomberg Natura Cosmeticos SA entered exclusive talks to acquire British make-up seller Body Shop from L’Oreal SA, with an offer that values the UK chain at 1 billion euros ($1.1 billion). An acquisition by Natura would represent a major expansion for the Brazilian cosmetics company, which originated as a direct-sales business like Mary Kay or Avon and expanded its retail …

Bloomberg Nippon Telegraph & Telephone Corp. (NTT) is considering the sale of African operations it acquired with the takeover of Dimension Data Holdings Ltd. and is open to approaches from interested buyers, according to three people familiar with the situation. The assets are valued by Japan’s former phone monopoly at about $800 million, said two of the people, who asked …

Bloomberg Steinhoff International Holdings NV said first-half earnings rose 13 percent as the acquisitive retailer that was started in South Africa reported revenue and margin growth across its household goods and general merchandise business. Operating profit increased to 903 million euros ($1 billion) in the six months through March, the Amsterdam-based company said on Wednesday in a statement. Sales advanced …